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Allspring Ultra Short Municipal (AUSM) ETF Holdings & Analysis
ETFOther
What AUSM does
This actively managed ETF aims to provide current income and preserve capital primarily through investments in municipal debt, which is generally exempt from federal income tax (though not necessarily federal alternative minimum tax). While the fund predominantly holds high-quality, investment-grade instruments, it has the flexibility to allocate up to 10% of its assets to lower-rated, speculative-grade (junk) bonds. Its core focus is on very short-term municipal bonds, targeting a dollar-weighted average portfolio maturity of no more than one year. The investment process integrates macroeconomic analysis and rigorous credit research to optimize duration, position the portfolio effectively across the yield curve, strategically allocate assets across sectors and credit tiers, and select individual securities. Futures contracts may also be utilized to aid in duration and yield curve management. Holdings may be sold due to shifts in relative value, alterations in credit quality, changes in the fund's strategic direction, or to address liquidity needs.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| ALLSPRING GOVT MMKT | 3.21% | |
| Black Belt Energy | 2.17% | |
| Cash | 2.11% | |
| Houston Tex Util Sys Rev | 2.02% | |
| Connecticut St Health & Edl Facs Auth Rev | 1.81% | |
| Biloxi Public School District (Mississippi) | 1.50% | |
| Prosper Tex Indpt Sch Dist | 1.47% | |
| Chandler Ariz Indl Dev Auth Indl Dev Rev | 1.46% | |
| State of Ohio | 1.46% | |
| City of Chicago (Illinois) | 1.45% |
Geographic allocation
| Other | 100.00% |
PortView Portfolio Insights
PortView analyzes how AUSM fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does AUSM track?
- AUSM is the Allspring Ultra Short Municipal ETF, a Other ETF.
- What is the expense ratio of AUSM?
- Expense ratio data for AUSM is shown on the page when available from our data provider.
- What are the largest holdings in AUSM?
- Top holdings include ALLSPRING GOVT MMKT, Black Belt Energy, Cash, Houston Tex Util Sys Rev, Connecticut St Health & Edl Facs Auth Rev.
- How can PortView analyze AUSM overlap with other ETFs?
- PortView computes the holdings overlap between AUSM and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.